Malaysia Launches 5-year Islamic Fund And Wealth Management Blueprint

Malaysia has launched a five-year Islamic Fund and Wealth Management Blueprint, to further strengthen the country's position as a global hub for Islamic funds by 2021.

    The plan, the first of its kind globally, is also aimed at developing the country as an international provider of Islamic wealth management services. It was launched by Second Finance Minister Johari Abdul Ghani at the International Fund Forum 2017 here Thursday.

    Earlier together with Securities Commission Malaysia (SC) Chairman Ranjit Ajit Singh he met 20 international senior industry experts from leading global fund management and investment institutions in a closed-door dialogue, Malaysian New Agency (Bernama) reported.

    Attendees to the dialogue included representatives from Hong Kong, South Korea, Singapore and the United Kingdom.    Collectively, these organisations represent over US$19 trillion or approximately 26 per cent of total global assets under management.

    The dialogue covered topics of domestic, regional and global relevance including investment viewpoints, market perspectives and opportunities in Malaysia's economic and corporate landscape.